Cummins participates in the Third Roundtable Summit

On June 9, 2015, Premier Li Keqiang of the State Council met in the Great Hall of the People with representatives from China to attend the Third Roundtable Summit of the Global CEO Committee and discussed and discussed with them. Cummins Chairman and Chief Executive Officer Tom Linebarger attended the meeting as a member of the committee.

Li Keqiang took photos with the delegates. The right in the back row is Cummins Chairman and CEO Tom Linebarger.

The heads of multinational corporations revolved around the theme of “How China enhances its overall competitiveness under the new global structure” of the current summit, regarding “Made in China 2025”, China’s financial policies, the simple decentralization of power, the integration of management, public entrepreneurship, and people’s innovation. China's investment environment and related policies and other broad issues expressed their views. Li Keqiang responded to their questions one by one. The delegates thanked Li Keqiang for his comprehensive and in-depth presentation of China’s economic situation, further deepened reforms, and expanded policies for opening up. He said that multinational corporations are willing to continue to participate in China’s reform and opening up process and conduct more in-depth cooperation with China.

Li Keqiang discussed with representatives

Li Keqiang pointed out that the current international industrial division of labor is reshaping. China has superior spare capacity and cost-effective equipment. The developed countries in the United States and Europe have advanced technologies. The two sides can carry out international capacity cooperation, which can help developing countries advance infrastructure construction and industrial upgrading, open up new ways to deepen cooperation between North and South, and realize developing countries. The combination of industrialization and reindustrialization in developed countries also helps Chinese equipment to be tested and promoted in international market competition. The Chinese government supports the strength of the state-owned enterprises in cooperating with European and American companies to develop third-party markets, complement each other's advantages, achieve mutual benefits, and work together to promote the sustainable recovery of the world economy.

Lan Bowen introduced the super truck project initiated by Cummins in cooperation with the U.S. Department of Energy. Apart from helping to reduce fuel consumption and oil use, the efficiency of the engine system will also significantly reduce greenhouse gas emissions. It is a successful example of government-enterprise cooperation. Lan Bowen said that as China attaches importance to sustainable development, Cummins will continue to provide Chinese customers with cleaner power and contribute to China's clean air program with green power solutions. When talking about innovation, Rambo emphasized that innovation drives the future. Cummins's innovative technology has always been a key part of the company's core competitiveness. The company is committed to working with customers and partners to develop appropriate products for the market, while continuing to improve the overall performance of the product while meeting emission requirements and continuously reducing operating costs.

The Third Roundtable Summit of the Global CEO Committee was sponsored by the Chinese People's Association for Friendship with Foreign Countries, and was attended by representatives from the board of directors and chief executive of 14 leading multinational corporations.

Prior to this, Lan Bowen met with Mao Weiming, vice minister of the Ministry of Industry and Information Technology on June 5. The two sides discussed issues such as "China Made 2025", car networking and traditional fuel vehicles in terms of energy conservation and emission reduction. Mao Weiming said that the Chinese government attaches great importance to air pollution control and vehicle energy conservation and emission reduction. It is hoped that Cummins will use its technological advantages to strengthen its technical exchanges and cooperation with Chinese industry, actively participate in the process of transformation and upgrading of the Chinese automobile industry, and achieve a win-win situation. Lan Bowen stressed that Cummins will continue to assist Chinese industry colleagues in the development of key components and technology and product structure adjustment in the Chinese auto industry as usual.

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